$hide=mobile

UNION BUDGET 2015: CHANGES IN SERVICE TAX WITH EFFECTIVE DATES AND ITS IMPACT

In the Union Budget, 2015 presented by the Hon’ble Finance Minister Shri. Arun Jaitley on February 28, 2015, Saturday, numerous changes in Direct and Indirect taxes, have been introduced to address the need of hour, the continued growth to contest the challenges paved in the way of progress. Changes in the Chapter V of the Finance Act, 1994 (“the Finance Act”) is one such step made to combat the impediments in growth by adhering the maxim - “secret of walking on water is – knowing where the stones are”. Certain imperative changes brought by the Union Budget, 2015 in the Finance Act with effect dates are:

Exemption widened on Service provided by road for transport of export goods by road from the place of removal to a land customs station (LCS) vide Notification No. 4/2015-ST dated 1-03-2015 (Effective From 1-04-2015)